Foreclosure Homes in Coloma, MI

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5 View this home at Timber Dr Coloma MI 49038
$212,621 EMV
Timber Dr
Coloma, MI 49038
3 |
EST. RENT: $1,261
AUCTION: 04-15-2024
3 |
5 View this home at Defield Rd Coloma MI 49038
$108,650 EMV
Defield Rd
Coloma, MI 49038
2 |
EST. RENT: $1,251
AUCTION: 05-03-2024
2 |
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Coloma, MI Foreclosures

How much do homes sell for in Coloma, MI?
The average home price is currently $326,349.
In Coloma, MI, how many homes are available?
There are currently 4,102 active home listings available in Coloma.
What’s the average rental cost in Coloma, MI?
The average rental price in Coloma is $1,426.
What is the most expensive home in Coloma, Michigan?
The most expensive home sold in Coloma had a price of $5,650,100.
What is currently the cheapest priced home in Coloma, MI?
The cheapest home for sale in Coloma is priced at $15,012.

Home Value Estimator For Coloma, MI

There are currently 4,102 real estate properties in Coloma, MI, with a median automated valuation model (AVM) price of $232,915.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Coloma, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Coloma, MI, is $326,349.00, with the most expensive house in Coloma, MI, topping out at $5,650,100.00 and the cheapest home in Coloma, MI, clocking in at $15,012.00. In other words, there’s something for every potential homebuyer or savvy investor in Coloma, MI!

Rent Prices In Coloma, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Coloma, MI, is on a rollercoaster ride. The average rent price in Coloma, MI, is $1,426.00. Indeed, when looking to rent in Coloma, MI, you can expect to pay as little as $450.00 or as much as $2,640.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Coloma, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Coloma, MI In 2024

Coloma is located in Berrien, Michigan, with an estimated municipal population of 1,411 residents. All of the best foreclosed homes for sale in Coloma are located in the following zip code areas on 49038. The estimated population per square kilometer (.62 miles) in Coloma is 613.

Cost Of Living In Coloma, MI

So, about how much do homes cost in Coloma? The most recent median value of resident-owned homes in Coloma is 105,521. An estimated 68.3 percent of households in Coloma own their homes, with an average family size of 3.28. The median household income in Coloma is 44,100, with13.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Coloma, the median commute time of resident workers (in minutes) is 21.2. And last, but certainly not least, are you looking for homes to rent in Coloma? If so, the average rent price paid by renters in Coloma is 781, according to recent statistics.

Diversity And Demographics In Coloma, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Coloma, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Coloma is 34.4, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Coloma is 49.1, with an average family size of 3.28.

The percentage of residents who report their race in Coloma is as follows:

White 93.5%
Black / African American 2.7%
Asian 0%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.6%
Other 0.9%

Looking for family-friendly neighborhoods in and/or near Coloma? Or maybe you are searching for 55+ active adult communities in and/or near Coloma?

The percentage of residents who report their age in Coloma is as follows:

Under 10 17.3%
Aged 10-19 9.8%
20s 15.6%
30s 13.8%
40s 8.6%
50s 12.6%
60s 10%
70s 8.1%
80+ 4.2%

Best Schools In Coloma, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Coloma with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Coloma.

Pros And Cons Of Living In Coloma, Michigan

How do you know that living in -- or moving to -- Coloma is right where you need to be? Perhaps you grew up in Coloma or already live nearby; therefore, the decision to buy a home in Coloma is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Coloma for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Coloma:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Coloma.

Reasons To Move To Coloma, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Coloma can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Coloma, meanwhile, can field multiple offers from more qualified buyers.

Coloma, MI Foreclosures


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